New well in the Römerberg-Speyer oil field

Investment in regional supply

"In Speyer, we produce an important raw material for everyday life every day - safely and responsibly," emphasises Jürgen Siewerth, authorised signatory at Palatina GeoCon, adding: "But a new well is always something special."

The new well will be drilled on Cluster Site II to the north-east, where six wells are already located. Drilling operations on site are running around the clock - seven days a week. "We have operating personnel on site at all times to supervise the work," explains Armin Wicker, Head of Operations at Neptune Energy.
The drilling rig was supplied by DrillTec GUT GmbH Großbohr- und Umwelttechnik, which has already worked in Speyer on several occasions. The rig is expected to be in operation at the existing central field station for around three months. It will then be connected to the processing facilities - after which the well can go into regular operation.

The Römerberg 10 well marks another milestone in the development of the oil field, which extends at a depth of around 2,000 to 2,500 metres below Speyer and has been continuously and safely developed since 2008.
"The new well is important for us not only because of further knowledge about the reservoir, but also in terms of stabilising our production rates," says Wicker.

As existing wells produce less oil over time, new wells are crucial for the long-term perspective. The last well was drilled in 2022. Since then, the consortium has invested in maintenance work on the existing wells, among other things.

The consortium is currently planning to expand the above-ground facilities at both central field stations. No additional space is required for this - instead, more efficient systems for processing crude oil will be used. New oil tanks with a larger capacity will also be installed in the future.

The Römerberg 10 well is part of a long-term strategy for the sustainable utilisation of regional resources. All work is carried out to the highest environmental standards and is supervised by the Rhineland-Palatinate State Office for Geology and Mining.

Neptune Energy is one of the leading raw materials companies in Germany. With over 135 years of experience, we secure supplies for industry and society. Our goal: Today we produce what counts tomorrow. Around 480 employees in many regions of Germany and at our headquarters in Hanover are involved in three key areas of activity

Base - Gas & Oil: safe and reliable production of domestic energy raw materials

Balance - Plugging and abandonment: taking responsibility for the past and restoring nature

Boost - New Energy: actively shaping the future, for example with lithium from Germany

This is how we combine experience with progress. Neptune Energy's revenue in the 2024 financial year was €440 million. The total annual production of gas and oil was 5.5 million barrels of oil equivalent (boe).